SC refuses to reopen 2021 ruling exempting foreign software payments from royalty tax
New Delhi: The Supreme Court on Monday again rejected the income tax department's review petitions against its March 2021 ruling that payments made to non-residents for software purchases cannot be taxed as royalty. The tax department had argued that cross-border payments made to foreign software companies and distributors amounted to royalty because the software sold to end users involved licensing…
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